New road project for Nicaragua

The World Bank looks likely to supply funding that will help pay for a major road improvement project in Nicaragua. The US$75 million loan should be agreed by November 2016, if all goes to plan. The funding will pay for major improvement works for the road connecting Nicaragua’s capital Managua with the country’s second city, Leon. At present the route suffers heavily from congestion at peak periods and is unsuited to the traffic volumes it has to cope with. The construction work is expected to commence in
August 19, 2016 Read time: 2 mins
The World Bank looks likely to supply funding that will help pay for a major road improvement project in Nicaragua. The US$75 million loan should be agreed by November 2016, if all goes to plan. The funding will pay for major improvement works for the road connecting Nicaragua’s capital Managua with the country’s second city, Leon. At present the route suffers heavily from congestion at peak periods and is unsuited to the traffic volumes it has to cope with. The construction work is expected to commence in 2017 along a 19km stretch of the route and should take 18 months to complete.

Meanwhile further funding is being sought for a new ring road around Managua. Nicaragua’s Ministry of Transport and Infrastructure (MTI) is in talks with the South Korean Government regarding financing for this project.

In all MTI has a budget of $172.55 million for infrastructure works during 2016 and is aiming to complete 85% of its planned work by the end of August 2016.
Finance & Funding Road Structures

Related Content

  • New Vietnam bridge project to cut congestion
    October 24, 2016
    A new bridge project in Vietnam’s Ho Chi Minh City will help cut traffic congestion. The project is expected to cost in the region of US$157 million and four contractors will work on the construction of the 3.2km long Bình Tiên Bridge. The plans call for the bridge to carry four traffic lanes and be from 30-40m wide, although the design has yet to be finalised. The work will be carried out in two separate sections, while the client for the Bình Tiên Bridge and Road project is Ho Chi Minh’s Transport Departm
    Read More
  • Case demonstrates machines in Tunisia
    February 13, 2017
    CASE Construction Equipment recently carried out a major demonstration event for its construction machines in Tunisia. The event focused on the firm’s road building equipment, highlighting how the units perform, even in extreme conditions The planned large-scale projects for the development of Tunisia’s road infrastructure will require highly productive and reliable equipment to meet the country’s objectives. CASE is keen to develop a share of this market, running the event in a bid to grow its marke
    Read More
  • New Honduras highway corridor
    September 24, 2014
    Construction is commencing on a new logistics corridor crossing Honduras that will connect the country’s Atlantic and Pacific coasts. Some US$271 million is being spent on the project so far. The highway will feature two lanes in either direction for all of its 391km length. The country aims to boost its economic presence in Central America through this project, which will also help stabilise its economy. The work will cut congestion in key urban areas along the route, as well as improving connections to th
    Read More
  • Are road tolls the economic answer?
    November 12, 2012
    Tolling has been widely promoted as the answer to future road needs by many economists. The fundamental principle of a toll road is comparatively easy to understand: a driver wants to get from here to there and pays a small sum for the privilege. Drivers generally prefer to access roads without having to pay but the sums involved in toll roads tend to be comparatively low. For all but the most parsimonious, parting with a few coins to use a stretch of highway in good order is comparatively painless, made ev
    Read More

Highlighted Content